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See how verdicts work2-bedroom house · NE15 8QH
Listing removedListed 401 daysAuction 28 Jan · ended
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
Two Bed Terrace in the village of Throckley! Available via the modern method of auction sale! Offers invited before auction! Mortgage buyers welcome!
Auction Date Commencing on Monday 26th January at 1pm and ending on Wednesday 28th January at 1pm with Auction House North East Please register to bid via our website - This property is for sale by the Modern Method of Auction, meaning the buyer and seller are to Complete within 56 days (the "Reservation Period").
The buyer signs a Reservation Agreement and makes payment of a non-refundable Reservation Fee of 1% of the purchase price excl VAT, subject to a minimum of £4500.00 excl VAT.
This is paid to reserve the property to the buyer during the Reservation Period and is paid in addition to the purchase price. This is considered within calculations for Stamp Duty Land Tax.
This two bedroom mid-terrace house is situated on the outskirts of Throckley, enjoying extensive views across the Tyne Valley.
The accommodation briefly comprises an entrance hall leading through to a lounge, inner hall and a good sized kitchen/dining room to the ground floor.
To the first floor there are two bedrooms and a family bathroom.
A staircase provides access to a second floor loft space which has been boarded out and, subject to the relevant planning permissions, offers potential to be converted into an additional room.
Externally, the property enjoys a garden to the front and a rear yard which provides off-street parking.
The Leazes is located within the village of Throckley on the western outskirts of Newcastle upon Tyne and is well placed for a range of local amenities including schools and shops.
The area benefits from excellent transport and commuter links with easy access to the A1 and A69 trunk roads, Newcastle city centre, Newcastle Central Station on the East Coast Mainline and Newcastle International Airport.
Regular public transport services also provide convenient access into the city.
The property is understood to be leasehold with approximately 955 years remaining on the lease and a ground rent of £120 per annum, making this an attractive opportunity for buyers seeking a well-located home with scope to add further value.
Important Note to Potential Purchasers & Tenants: We endeavour to make our particulars accurate and reliable, however, they do not constitute or form part of an offer or any contract and none is to be relied upon as statements of representation or fact.
The services, systems and appliances listed in this specification have not been tested by us and no guarantee as to their operating ability or efficiency is given.
All photographs and measurements have been taken as a guide only and are not precise. Floor plans where included are not to scale and accuracy is not guaranteed.
If you require clarification or further information on any points, please contact us, especially if you are traveling some distance to view.
Potential purchasers: Fixtures and fittings other than those mentioned are to be agreed with the seller.
Potential tenants: All properties are available for a minimum length of time, with the exception of short term accommodation. Please contact the branch for details.
A security deposit of at least one month’s rent is required. Rent is to be paid one month in advance. It is the tenant’s responsibility to insure any personal possessions.
Payment of all utilities including water rates or metered supply and Council Tax is the responsibility of the tenant in most cases. QWD250646/8
Value & comps
No previous sales on record.
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Returns
Set an offer; the calculator follows it.
We're still gathering serviced-accommodation data for this area.
Archie refurb estimate: a Pro feature
0.0% below starting price
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All investment calculators, property analyses, and AI-generated insights are for informational purposes only. Property investment carries risk and may result in financial loss. All calculations should be independently verified and you should consult with FCA-authorised financial advisers before making any investment decisions.
Past performance does not guarantee future results. Tax implications vary by individual circumstances.
Deal
Properties like this can earn 2–3x BTL yields when converted to HMO, with retrofit costs around £10k/room. Sign in to see the full tier, yield projection, and cost breakdown.
Commercial properties like this can earn 30-50% higher yields when converted to residential under Class MA / Q / P / PA, with prior approval costing ~GBP 96/unit. Sign in to see the recommended route, yield uplift, and cost breakdown.
BRRR-suited properties can recycle 80-100% of investor capital on refi, leaving a high-yielding rental with most of the money out. Sign in to see the refurb cost stack, ARV projection, and refinance maths.
Detached + large garden = sub-division play. Pro tier unlocks the tier badge, plot size, uplift estimate, and regional land benchmark.
Short-lease flats trade at deep discount, but extending under the 1993 Act often costs far less than the discount. Pro tier unlocks the tier badge, premium breakdown, long-lease ARV and arbitrage maths.
See projected short-stay revenue vs a vanilla BTL for this property.
See real sub-let margins (HMO room rates & SA nightly rates) vs the landlord rent.
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FAQ
About 37, The Leazes, Tyne and Wear
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